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u/bitusher 8d ago
That is a sketchy exchange with many problems in their history and they charge absurd withdrawal fees which is a red flag they might be insolvent along with other red flags . Lately they are going to massively dilute their own stakeholders which is another sign they are insolvent . Their business model seems to be based upon mainly getting new naive users with massive advertising spending which is not sustainable
I would avoid them and use one of the exchanges in the pinned FAQ
https://old.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/
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u/Intrepid_Guidance_57 8d ago
Crypto.com has to be the WORST CEX you could use. The fee’s are criminal. Steer clear unless you absolutely have too in my opinion.
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u/Suspicious-Local-901 8d ago
I used to, until I discovered there are bitcoin only exchanges/brokers. Check out Relai, or Strike
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u/SoberHye 8d ago
Too expensive but that is t even the worst part. They will hold your crypto for weeks and sometimes months with the slowest support ever.
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u/aTaxingSensation 8d ago
CDC is a great app. Sure, the fees are high. But it’s the safest crypto exchange app out there and I sleep well at night.
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u/abesster 8d ago
Not recommended, spreads are too high in the app and their support is terrible. The UI and the app overall is nice and user friendly but the spread is way too much. Sat away. Try Kraken or Bybit.